The Bank of England yesterday agreed to make everyone on a tracker mortgage richer by reducing the base rates again. This time the base rate was reduced by 0.5% bringing it to an all time low of 0.5%.
This rate cut will benefit everyone on a tracker or discount mortgage which tracks the bank of england [...]
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Lottery spokesman Dominick DeMarco said the one winning ticket in Tuesday’s multi-state US Mega Millions $212-million drawing was sold in Ocean County, N.J.
The winner will earn about $8.1 million a year, before taxes, for the next 26 years as an annuity. I always thought you had more chance of getting run over by a car [...]
The Bank of England’s Monetary Policy Committee voted today to reduce the official Bank Rate to 1 percent. Thats the fifth rate cut in a row as the UK recession takes its toll. The rate cut is good news for borrowers and struggling businesses with existing loans. Savers are hit again though as the interest [...]
The struggling bank may see as much as 10 billion pounds of cash from the government to ramp up mortgage lending. The Treasury has yet to make a final decision, which may also see the bank hiring new staff. Spokesmen for the Treasury and Northern Rock, which is due to unveil a new business plan [...]
Official government figures have today confirmed the UK is now in recession for the first time since 1991.
The generally-used technical definition of a recession is two quarters running of negative economic growth. Gross domestic product fell by 1.5% in the last three months of 2008 after a 0.6% drop in the previous quarter. It [...]
The UK Bank of England has cut interest rates to 5.25% from 5.5% following signs that the UK economy is slowing down. The Bank needs to ensure that growth and inflation are balanced but the move today was widely anticipated by analysts after cuts in the US, where the Federal Reserve slashed its borrowing costs [...]
This week I have released a new Real Estate website titled Sell Quickly Rent Back Fast. The site will be an information based site to appeal to UK homeowners wishing to sell their homes quickly and those interested in Rent Back schemes.
Presently there is not much information on the web for people in the UK [...]
Rather than make New year resolutions I always prefer to set goals a few times a year. I do this as I prefer to make goals several times a year rather than just in january and if you read my earlier post you know that most resolutions made in the new year usually fail.
So what [...]
Do you make new years resoulutions?
Do you find that making new years resolutions like quit smoking, lose weight, work harder, go to the gym etc. are bound to fail? Research shows that 9 out of 10 new years resoulutions fail within days of making them. I have compiled a list of 5 reasons this may [...]
Northern Rock Plc, the U.K.’s worst performing bank stock, will receive emergency funds from the Bank of England. this is to ease a credit shortage sparked by U.S. subprime mortgage defaults.
since the funding has been agreed its customers have been rushing to branches to withdraw money in a panic. they fear the worst for [...]
05/03/2009


































